- 42% of cyber attacks result in revenue loss
- 58% of affected businesses say attacks linked to suppliers
One in seven Danish businesses (15%) have lost one working day or more to cyber events over the past year, a QBE survey has found.
Half of all Danish businesses employing 100 to 2,000 people (50%) have experienced a cyber event over the past 12 months, according to the Opinium survey for commercial insurer QBE.
Among those, 58% said that some or all of the attacks were linked to a supplier.
“Supplier vulnerability has become a risk factor,” comments Victor Meins, cyber portfolio manager, QBE Nordics. “Most businesses know how to look after their own cyber security and now a majority of incidents stem from interconnectivity or provider weaknesses. That’s why it’s more crucial than ever to have an overall view of your supply chain and IT connections.”
The financial impact is significant, with two in five cyber attacks (42%) resulting in a loss of revenue.
It thus stands to reason that two in three businesses (64%) are concerned about the cyber threats they may face in the coming year. In this context, 60% plan on increasing their IT budget (27% in line with inflation and 33% in real terms).
ARTIFICIAL INTELLIGENCE
This acute awareness of cyber risks contrasts with businesses’ enthusiastic optimism for Artificial Intelligence (AI): 86% of respondents think AI will have a positive impact on their business and 88% trust it will be good for the Danish economy.
Three in five businesses (61%) are already using AI in their processes and another 28% are looking into it. Among those, 47% expect it will make their operations more efficient, 39% believe it will improve customer service and 34% think it will reduce costs.
About the Opinium survey for QBE
The field work took place from 10 to 29 April 2025. The sample comprised 400 decision makers of IT, administration or insurance in businesses with 100-2000 employees in Denmark.